The import value of assembled battery watch movements with mechanical displays to India reached 28.67 million in 2023. From 2024 onwards, we see a progressive increase forecasted up to 36.654 million by 2028. Year-on-year growth rates are steady, ranging from 5.5% to 4.4% from 2024 to 2028. Over five years, the CAGR stands at around 4.95%, signaling a consistent upward trajectory.

Future trends to watch for:

Adoption of smartwatches potentially influencing demand for mechanical displays.
Fluctuating international trade policies impacting import dynamics.
Consumer preferences shifting towards traditional versus modern watch styles.